India is keen to strengthen its partnership with Russia on Arctic issues: PM Modi

Published By : Admin | September 7, 2022 | 14:14 IST

Your Excellency, President Putin,
Guests of Honour,

Namaskar!

I am happy that I got the opportunity to connect with you virtually at the seventh Eastern Economic Forum being held in Vladivostok. This month marks the 30th anniversary of the establishment of the Consulate of India in Vladivostok. India was the first country to open a Consulate in this city. And since then, the city has been a witness to many milestones of our relationship.

Friends,

The forum, established in 2015, has today become a major global forum for international cooperation in the development of the Russian Far East. For this, I appreciate President Putin's vision, and also congratulate him.

In 2019, I had the opportunity to participate in this forum. At that time, we announced India's "Act Far-East" policy. And as a result, India's cooperation with the Russian Far East has increased in various fields. Today, this policy has become a key pillar of the "Special and Privileged Strategic Partnership" of India and Russia.

Friends,

Whether we talk about the International North-South Corridor, the Chennai- Vladivostok Maritime Corridor or the Northern Sea Route, connectivity will play an important role in the development of our relations in the future.

India is keen to strengthen its partnership with Russia on Arctic issues. There is also immense potential for cooperation in the field of energy. Along with energy, India has also made significant investments in the Russian Far East in the areas of pharma and diamonds.

Russia can become an important partner for the Indian steel industry through the supply of coking coal. We can also have good cooperation in the mobility of talent. Indian talent has contributed to the development of many developed regions of the world. I believe that the talent and professionalism of Indians can bring about rapid development in the Russian Far East.

Friends,

India's ancient doctrine "Vasudhaiva Kutumbakam" has taught us to see the world as a family. In today's globalized world, events in one part of the world create an impact on the whole world.

The Ukraine conflict and the Covid pandemic have had a major impact on global supply chains. Shortages of foodgrains, fertilizers, and fuels are a major concern for developing countries. Since the beginning of the Ukraine conflict, we have stressed the need to take the path of diplomacy and dialogue. We support all peaceful efforts to end this conflict. In this regard, we also welcome the recent agreement concerning the safe export of cereals and fertilizers.

I once again thank President Putin for giving me the opportunity to address this forum. And extend my warmest greetings to all the participants present in this forum.

Thank you very much.

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Cabinet approves Continuation of Pradhan Mantri Gram Sadak Yojana-III till March 2028
April 18, 2026

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today has given its approval for the continuation of Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III) beyond March 2025 upto March 2028. It involves consolidation of Through Routes and Major Rural Links connecting habitations to Gramin Agricultural Markets (GrAMs), Higher Secondary Schools and Hospitals. The revised outlay of the scheme will be Rs.83,977 crore.

The Cabinet further, amongst other things, approved the following:

  • Extension of timeline till March 2028 for completion of roads and bridges in plain areas and roads in hilly areas.
  • Extension of timeline till March 2029 for completion of bridges in hilly areas.
  • Works sanctioned before 31.03.2025 but un-awarded till now may be taken up for tender/award.
  • Long Span Bridges (LSBs) (161 Nos. with estimated cost of Rs.961 crore) pending for sanction but lying on the alignment of already sanctioned roads may be sanctioned and tendered/awarded.
  • Revision of outlay to Rs. 83,977 crore from original outlay of Rs.80,250 crore.

Benefits:

The extension of the timeline of PMGSY-III will enable the full realization of its intended socio-economic benefits by ensuring completion of targeted upgradation of rural roads. It will significantly boost the rural economy and trade by enhancing market access for agricultural and non-farm products, reducing transportation time and costs, and thereby improving rural incomes. Improved connectivity will facilitate better access to education and healthcare institutions, ensuring timely delivery of essential services, particularly in remote and underserved areas.

The continued implementation will also generate substantial employment opportunities, both directly through construction activities and indirectly by promoting rural enterprises and services. Overall, the extension will contribute to inclusive and sustainable development by bridging the rural-urban divide and advancing the vision of Viksit Bharat 2047.